John Milios

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

John Milios Department of Humanities, Social Sciences and LawNational Technical Universityof Athens, GreeceEmail: john.milios@gmail.com Dimitris P. SotiropoulosDepartment of Sociology University of the Aegean, GreeceEmail: d.p.sotiropoulos@gmail.com Short description: When does a theory really die? In the history of economic thought, it …

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?

… Financial markets generate a structure for overseeing the effectiveness of individual capitals, that is to say a type of supervision of capital movement. The demand for high financial value puts pressure on individual capitals (enterprises) for more1 intensive and …

After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?

“Socialist Planning” and Enterprise in the USSR, 1929-1989

The basic element of economic planning in “actually existing socialism” was aspecific kind of economic control exercised over enterprises by the state (in the formof the state planning agencies). This control derives from two sources: (a) the plan itself (which …

“Socialist Planning” and Enterprise in the USSR, 1929-1989

Marx’s Inquiry into the Birth of Capitalism: Why Does It Matter?

Differing approaches to the issue of the beginnings of capitalismimply different conceptualization of what capitalism is. This paperelaborates on the notion of original accumulation. It utilizes theMarxist notion of the mode of production to provide the conceptof the historicalfigure which …

Marx’s Inquiry into the Birth of Capitalism: Why Does It Matter?

Value, Fictitious Capital and Finance. The Timeless of Karl Marx’s Capital

Karl Marx is not a proponent of classical value theory as labour expended. Marx developed in Capital and his other mature economic writings a monetary theory of value and capital.2 He analysed value as an expression of relations exclusively characteristic …

Value, Fictitious Capital and Finance. The Timeless of Karl Marx’s Capital

The Working Class and the Middle Classes in the Greek Economic Crisis: Allies in a Common Anti-Neoliberal Strategy?

George Economakis and John Milios ABSTRACT On the basis of a Marxist analysis of capitalist relations of classpower and the class configuration in contemporary advanced capitalist societies, the paper investigates the consequences of the recent economic crisis and of the …

The Working Class and the Middle Classes in the Greek Economic Crisis: Allies in a Common Anti-Neoliberal Strategy?

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

John Milios National Technical University of Athens, john.milios@gmail.com Dimitris P. Sotiropoulos The Open University Business School, UK, d.p.sotiropoulos@gmail.com 1. Globalization, financialization, crisis The current financial crisis of capitalism is without precedent in the post-war period. Regarding the crisis, recent heterodox …

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

Transcending the nation: a communist strategy in the era ofglobalization. A reply to Velissariou

ABSTRACT Neoliberalism and austerity are not ‘false policies’, but strategies of increasing profits by reducing labor and welfare costs. In the process of dismantling labor rights and the welfare state, a part of the population is being marginalized. It becomes …

Transcending the nation: a communist strategy in the era ofglobalization. A reply to Velissariou

Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital

Capitalism was always, and will never cease to be exploitative, domineering, speculative. But it will not disintegrate or decay due to its exploitative, domineering, speculative character, certainly not due to the supposedly specifically “predatory” function of the financial sphere – …

Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

This paper argues that the conception of ‘money endogeneity’ formulated and defended by Post-Keynesian economists can be founded on a coherent and theoretically sound way only on the basis of Marx’s theory of value, which the author comprehends as the …

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

Scroll to Top